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Choose an example of monopsony power you have seen in sports. Pick any player and explain...

Choose an example of monopsony power you have seen in sports. Pick any player and explain how their salary was suppressed

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Answer #1

Consider the game cricket where in India the BCCI has the monopsony power as it is organisation which hires cricketers to play for the national teamand since no other organisation is allowed to do so it is enjoying its monopsony power. Consider the cricketer Yuvraj Singh who was played for Indian national team where at a particular time is salary was 5 crore in Indian rupees and he was in the national contact of Garde A and slowly with time as he moved on he was out of form and the team remove him from contract of Grade A to Grade C and slowly removed from the contract as as he was in playing and in this way his salary was suppressed.

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